Friday, September 19, 2014

Comtek, a pan-European aftermarket supplier to the telecoms industry, has acquired all the intellectual property rights (IPR) and trademarks belonging to Sorrento Networks. Financial terms were not disclosed.

"We are thrilled with the acquisition of Sorrento Networks' IPR and trademarks," said John Freebairn, group director and vice president of business development at Comtek, and former Nortel MD. "Sorrento Networks' solutions underpin the network operations of some of the world's largest carriers, service providers, enterprises and data centre services providers across the world. At Comtek, we have spent years repairing and servicing this equipment, putting us in a great position to meet the needs of Sorrento Networks' customers now, and to develop the technology they will need in the future."

"Until now, Sorrento Networks' customers have been in a state of flux, with no vendor to service their existing telecoms infrastructure," remarked Askar Sheibani, CEO and founder of Comtek. "We have a history of giving customers a viable alternative to rip-and-replace when their supplier has folded, and we intend to use the unrivalled expertise of our engineering team to ensure this isn't the only option available to Sorrento Networks' customers. The acquisition represents yet another chapter for Comtek in extending the lifespan of telecoms infrastructures, protecting customers' investments and eliminating the threat of having to overhaul entire networks."